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A BILL TO BE ENTITLED
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AN ACT
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relating to funding for an open-enrollment charter school and to |
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the guaranteed level of state and local funds provided to school |
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districts through the existing debt allotment. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 12.106, Education Code, is amended by |
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adding Subsection (d) to read as follows: |
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(d) In addition to other amounts provided by this section, a |
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charter holder is entitled to receive, for the open-enrollment |
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charter school, funding per student in average daily attendance in |
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an amount equal to the guaranteed level of state and local funds per |
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student per cent of tax effort under Section 46.032(a) multiplied |
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by the lesser of: |
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(1) the state average interest and sinking fund tax |
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rate imposed by school districts for the current year; or |
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(2) a rate that would result in the total |
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appropriation under this subsection to be $100,000,000, which is to |
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be split equally between charter schools and school districts. |
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SECTION 2. Section 46.032(a), Education Code, is amended to |
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read as follows: |
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(a) Each school district is guaranteed a specified amount |
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per student in state and local funds for each cent of tax effort to |
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pay the principal of and interest on eligible bonds. The amount of |
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state support, subject only to the maximum amount under Section |
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46.034, is determined by the formula: |
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EDA = (EDGL X ADA X EDTR X 100) - (EDTR X (DPV/100)) |
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where: |
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"EDA" is the amount of state funds to be allocated to the |
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district for assistance with existing debt; |
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"EDGL" is the dollar amount guaranteed level of state and |
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local funds per student per cent of tax effort, which is $40 [$35] |
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or a greater amount for any year provided by appropriation; |
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"ADA" is the number of students in average daily attendance, |
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as determined under Section 42.005, in the district; |
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"EDTR" is the existing debt tax rate of the district, which is |
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determined by dividing the amount budgeted by the district for |
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payment of eligible bonds by the quotient of the district's taxable |
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value of property as determined under Subchapter M, Chapter 403, |
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Government Code, or, if applicable, under Section 42.2521, divided |
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by 100; and |
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"DPV" is the district's taxable value of property as |
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determined under Subchapter M, Chapter 403, Government Code, or, if |
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applicable, under Section 42.2521. |
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SECTION 3. This Act takes effect only if a specific |
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appropriation for the implementation of the Act is provided in a |
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general appropriations act of the 85th Legislature. |
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SECTION 4. This Act takes effect September 1, 2018. |